My Interactive Brokers FX Account Wiped Out

July 29, 2023 12:15 am
17

I was persuaded to trade with Interactive Brokers FX. They promised that trades would be executed through software for 15 days without interference. Before joining, I was shown very different presentations than what I encountered after becoming a member and depositing $250. Once I joined, they opened trades that seemed designed to blow up my account and prevent me from withdrawing money. I deposited funds several times, but eventually, my account was stopped, and no one from the company even responded.
Later, I deposited more money under the guise of an "insurance fund," again with a 15-day condition and a requirement for 12.40 lot trades. Large trades are opened despite stop losses, zeroing out the account. I suspect they're not integrating this money into the system, and they've kicked me out of their platform.

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